A blog by Jaimie Kaffash, Accountancy Age’s tax reporter
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26 Feb 2007
Reading about the road pricing petition filed on the Number 10 website, I wondered whether there would be any interesting petitions on tax. Surely there would be one demanding the prime minster abolished IHT?
Lo and behold, there was.
Click here for the Economics and Finance petitions.
Top of the list is a petition to abolish IHT, which has attracted almost 100,000 signatures, and calls IHT 'immoral' and a tax that penalises 'hard work and thrift'. What, even when estates which have been handed down from generation to generation. How much hard work goes into those?
More interestingly there is one about input tax and VAT, signed by 368 people, calling for HMRC to repay withheld input tax.
There is one calling for the government to scrap the non-domicile rules. 157 signatures so far, and still open.
There is a closed one about the Monaco millionaires. No government response yet, but it will be interesting to see what that is if and when it finally comes.
As yet, I can't find one on private equity and the tax breaks PE firms take advantage of. It can only be a matter of time...
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